#401ktvNews | Boomers Ride the Market Wave, Gen X Faces a Retirement Reckoning: While Baby Boomers enjoy optimistic retirement prospects thanks to stock market gains, nearly half of Gen Xers believe a secure retirement is a 'miracle' away. With inflation, healthcare costs, and financial insecurity looming large, Gen X finds itself grappling with challenges that threaten their retirement dreams. It's time to bridge the gap with proactive planning and professional financial advice. #RetirementPlanning #GenX #BabyBoomers #FinancialSecurity #RetirementReadiness #InflationImpact #FinancialWellness #RetirementSavings #InvestmentAdvice #PersonalFinance #WealthManagement
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Vistage Chair | GCommerce CEO | M&A expert | Supply Chain | Cloud Commerce pioneer | SaaS | EDI | Automotive Aftermarket | Rancho Santa Fe Rotary
All the Vistage Chairs already got the memo, and it's time for us to rethink the idea of retirement. Rather than calling it retirement, we should think about work realignment. One can realign, refocus, and repurpose their lives, not just their "work," to eliminate the discussion about retirement. Retirement doesn't have to be a destination or an event, but rather a chance to reflect and re-energize. Let's agree to retire the word retirement once and for all. Check out this article to learn more about America's debate on retirement.
America is debating whether to raise the retirement age—but boomers are already working well into their sixties and seventies
finance.yahoo.com
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12 Insights Into Boomers' Retirement Realities
12 Insights Into Boomers’ Retirement Realities | ThinkAdvisor
thinkadvisor.com
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Thanks to Fortune for sharing my thoughts on Northwestern Mutual’s latest Planning and Progress study on retirement. While younger people may need to think more critically about their retirement plan, no one has to do it alone. Read the article and reach out so we can create a plan for future prosperity together: http://spr.ly/6041b5zkx
The average Gen Zer started saving for retirement 15 years earlier than baby boomers. It still may not be enough
fortune.com
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"64% of baby boomers reported moderate to high levels of stress about their retirement savings." (T. Rowe Price, 2024) Life happens and we know that sometimes you can't control what happens to you. The best way to mitigate any risk is to educate and prepare yourself in as many ways as possible. Having a diverse set of backups and plans can help ease that stress. When it comes to finances we found a great piece of information we wanted to share. With the economy moving up and down over time there's not much anyone can predict exactly. Run away from those! No one has a crystal ball to tell you what to do. What you do have is education and the ability to gain more understanding to become financially literate. Whether you have projects that need investing in or looking for projects to invest into -- doing your due diligence is super important! And if you're heading closer to retirement you don't have the time or luxury to learn and educate yourself in all things money. Even though we never offer investment, tax, or legal advice... our goal here is to empower and educate our community to help them make the best possible decisions they can around their financial lives and future. Source: T. Rowe Price. (2024). Retirement market outlook. T. Rowe Price. https://lnkd.in/gx_gDFjB
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Navigating the road to retirement can be daunting, especially for baby boomers who find themselves behind in their savings. According to a recent Market Watch article, 𝑻𝒊𝒎𝒆 𝒊𝒔 𝒓𝒖𝒏𝒏𝒊𝒏𝒈 𝒐𝒖𝒕 𝒇𝒐𝒓 𝒃𝒐𝒐𝒎𝒆𝒓𝒔 𝒃𝒆𝒉𝒊𝒏𝒅 𝒊𝒏 𝒕𝒉𝒆𝒊𝒓 𝒓𝒆𝒕𝒊𝒓𝒆𝒎𝒆𝒏𝒕 𝒔𝒂𝒗𝒊𝒏𝒈𝒔 — 𝒃𝒖𝒕 𝒉𝒆𝒓𝒆’𝒔 𝒘𝒉𝒂𝒕 𝒚𝒐𝒖 𝒄𝒂𝒏 𝒔𝒕𝒊𝒍𝒍 𝒅𝒐, many boomers feel uncertain about affording their golden years, with a significant number citing a lack of knowledge about how much to save and how much income they'll need. Read the full article for some actionable steps to consider. https://lnkd.in/dbmGurHr #RetirementSavings #FinancialPlanning #4XSolutions
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Studies reveal alarming statistics about Baby Boomers' lack of retirement planning: 58% don't have an exit plan, and 45% don't have any in savings. As this generation nears retirement, many business owners are considering selling their companies. Baby Boomers oversee 2.3 million US businesses worth $10 trillion but are unprepared for the sale process, risking missed opportunities. Forbes, Wilmington Trust and US Small Business reports shed light on this critical issue. Thanks for listening. #RetirementPlanning #BusinessOwners #BabyBoomers https://lnkd.in/gkRuqhhA
Helping Baby Boomers Value Their Businesses
blogtalkradio.com
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Based on BlackRock’s 2024 Read on Retirement report, only 60% of survey respondents in this generation believe they’re on track to retire with the lifestyle they want, compared with 77% for Generation Z, 72% for millennials, and 68% for baby boomers. #financialplanning #retirement #investing #moneymatters #wealthmanagement #nestegg #retirementplanning
How Gen X Can Catch Up on Retirement Savings
morningstar.com
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While this is a US article, and it's quite likely savings rates in #Canada are considerably higher, this sounds scary. How bad is the plight of Gen Xers transitioning to retirement? Are we better off in this country? Gen Xers expect to keep working longer than they planned–and will be the first generation to go into retirement with less financial security than their parents and grandparents https://buff.ly/3wsitxX #GenX #Retirement #DCPensions
Gen Xers expect to keep working longer than they planned–and will be the first generation to go into retirement with less financial security than their parents and grandparents
fortune.com
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CEO Broils Consulting Group: FORMER Educator, Sr. Exec- Crayola | Wall Street - Analyst | Sr. Implementation Consultant – Edtech | C-Suite Corporate Talent Acquisition Consultant|
Have you begun planning for your retirement? This article may provide some direction to Retiring School Administrators and Teachers who historically reach retirement age in their mid-50s with nearly a decade before their eligibility for social security (IF they are eligible - some states and school systems do not contribute to social security for educators). What's your next move? Are you prepared?
Retirement is looming big and causing stress for unprepared older Gen-Xers and younger Boomers. Many irrationally rationalize the future but here are four steps to move forward.
4 Ways To Take Action Rather Than Rationalize Your Retirement Hurdles
social-www.forbes.com
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Boomers have the most wealth but were hit hardest by the Great Recession. Gen Zers have the best-designed 401(k)s but are the most vulnerable to misinformation. Here are the strong points and stumbling blocks of America’s four biggest generations as they save for retirement. #retirement #retirementplanning #wealthmanagement
The strengths and weaknesses of 4 generations of retirement savers
financial-planning.com
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